ZIP 48216 - 860Z200US48216 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 48216 for buying a home, investing in property, or starting a business, understanding the local demographic and housing landscape is essential. Located in Detroit, Michigan, this area offers a unique blend of diversity and opportunity. This snapshot, based on 2023 data, provides a clear picture of population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 48216.

Population & Households

ZIP 48216 is home to a population of 5,681 residents. This compact community is spread across 2,708 households, indicating a mix of family and individual living arrangements. With 3,398 total housing units in the area, there’s a notable gap between occupied and available units, which could signal opportunities for investors or buyers looking for properties in this Detroit neighborhood. Understanding the balance of population and housing can help gauge demand and community dynamics for anyone eyeing this ZIP code.

Income & Housing Costs

The median household income in ZIP 48216 stands at $42,278, reflecting a moderate earning level that may appeal to budget-conscious homebuyers or businesses targeting middle-income consumers. Housing costs provide further context: the median house value is $225,300, which could represent an accessible entry point for buyers in the Detroit market. For renters, the median rent is $860 per month, offering a more affordable option compared to many urban areas. These figures suggest ZIP 48216 could be a practical choice for those balancing cost and location.

Race & Ethnicity

Diversity is a defining feature of ZIP 48216, with a racial composition that reflects a vibrant, multicultural community. Black residents make up the largest group at 37.33%, followed by White residents at 31.98%. Hispanic individuals account for 23.9% of the population, while Asian residents represent a smaller share at 0.86%. This mix of backgrounds creates a rich cultural tapestry, which can be a draw for businesses seeking diverse customer bases or families looking for an inclusive environment in Detroit’s 48216 area.

Key Facts

• Total population: 5,681 residents in ZIP 48216.
• Total households: 2,708, supporting a range of family and solo living.
• Total housing units: 3,398, with potential availability for new occupants.
• Median household income: $42,278, indicating a middle-income community.
• Median house value: $225,300, an accessible price point for Detroit buyers.
• Median rent: $860, offering affordable rental options.
• Racial diversity: Black (37.33%), White (31.98%), Hispanic (23.9%), Asian (0.86%).

What This Means for You

For homebuyers, ZIP 48216 presents an opportunity to enter the Detroit housing market at a reasonable median value of $225,300. The area’s diversity and moderate income levels suggest a welcoming, working-class community ideal for families or first-time buyers. Investors and real estate agents should note the gap between total housing units (3,398) and occupied households (2,708), which may point to vacant properties or untapped rental potential, especially with a median rent of $860. Small-business owners can leverage the area’s cultural diversity and population of 5,681 to target a varied customer base, particularly in sectors like food, retail, or services that cater to multicultural needs. Analysts can use these metrics to assess growth trends or socioeconomic patterns in this Detroit ZIP code, aiding broader market studies. Across all groups, the data underscores affordability and diversity as key strengths of 48216.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 48216? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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